Hero MotoCorp targets rural growth, electric vehicles, aiming for half market share in scooters by 2030.
Hero MotoCorp, India's leading two-wheeler maker, plans to boost market share with new products and an expanded presence in rural areas, where sales have surged to 53% of total sales. The company is rolling out premium brands and electric vehicles under the 'Vida' brand, aiming for 100 Premia stores by June and upgrading 700 existing stores under 'Hero 2.0'. CEO Niranjan Gupta predicts electric scooters will account for half of the market by 2030, emphasizing long-term investment and competition in the EV sector.
2 months ago
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